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v3.24.2.u1

Related Party Transactions (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended |  |  |  |
--- | --- | --- | --- | --- | --- | ---
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Aug. 13, 2024 | Jun. 13, 2024 | May 14, 2024 | Dec. 31, 2023
Revenue | $ 16,181,122 | $ 13,590,638 | $ 32,202,513 | $ 29,135,510 |  |  |  |
Accounts receivable | 3,372,685 |  | 3,372,685 |  |  |  |  | $ 2,458,730
Revenue from related parties |  |  | $ 5,978,833 | 6,370,302 |  |  |  |
Principal amount |  |  |  |  |  |  | $ 1,500,000 |
Interest rate |  |  | 11.00% |  |  |  |  |
Proceeds from loans and notes payable- related party |  |  | $ 635,150 | 771,000 |  |  |  |
Accrued salary |  |  |  |  | $ 1,167,750 | $ 1,167,750 |  |
Principal and accrued interest value | 1,172,472 |  | 1,172,472 |  |  |  |  |
Notes payable | 4,839,876 |  | 4,839,876 |  |  |  |  | $ 3,334,004
WC Crude [Member] |  |  |  |  |  |  |  |
Payment for crude oil purchases |  |  | 23,143,488 | 15,931,252 |  |  |  |
Revenue from related parties |  |  | 5,078,482 | 6,428,026 |  |  |  |
WC Crude [Member] | Tank Storage [Member] |  |  |  |  |  |  |  |
Revenue |  |  | 900,000 | 900,000 |  |  |  |
Endeavor [Member] |  |  |  |  |  |  |  |
Consulting fees |  |  | 183,344 | 156,845 |  |  |  |
Notes [Member] |  |  |  |  |  |  |  |
Accrued interest | 452,283 | 452,283 | 452,283 | 452,283 |  |  |  |
Cash payments |  |  | 700,478 | 1,705,590 |  |  |  |
Triple T [Member] |  |  |  |  |  |  |  |
Notes payable | 387,354 | $ 359,241 | 387,354 | $ 359,241 |  |  |  |
Spectra [Member] |  |  |  |  |  |  |  |
Revenue |  |  | 84,000 |  |  |  |  |
Accounts receivable | $ 106,000 |  | $ 106,000 |  |  |  |  |

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